Coming up: ISM factory, construction spending

WASHINGTON (MarketWatch) -- The Institute for Supply Management's manufacturing index for May is due for release at 10 a.m. Eastern. Economists polled by MarketWatch expect the survey to slip to 54.0% in May from 54.8% in April, which was its highest level since last June. Any reading over 50 indicates expansion. In a separate report, the Commerce Department will release construction spending data for April. Analysts expect spending to rise 0.3% after a 0.1% increase in March.

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